INSURANCE NEWS
Los Angeles Showers Wane After Record Southern California Rain
Showers will be winding down across Los Angeles and Southern California after record rains brought raised the risks of floods and mudslides, especially in areas scorched by recent wildfires. Downtown Los Angeles received 1.65 inches Saturday, a record for the …
Businessman Accused in Trafigura Nickel Nightmare Goes on Trial
More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the …
Tenn. Police Officer in Critical Condition After Crash in JD Vance’s Motorcade
Two law enforcement vehicles crashed in Tennessee on Friday night while supporting Vice President JD Vance’s motorcade, sending a police officer to the hospital in critical condition, authorities said. The crash in Maryville, about 17 miles (27 kilometers) south of …
Two-Year-Old Falls From 20-Story New Jersey Apartment Building
Authorities in New Jersey are investigating the death of a 2-year-old boy who was reported to have fallen from a 20th-story window. Newark police were called to a high-rise apartment building at 7 a.m. Saturday on the report of a …
Immigration Enforcement Surge Begins in Charlotte, Federal Officials Confirm
Federal officials confirmed Saturday that a surge of immigration enforcement in North Carolina’s largest city has begun, as agents were seen making arrests in multiple locations. “Americans should be able to live without fear of violent criminal illegal aliens hurting …
Anthropic Warns of AI-Driven Hacking Campaign Linked to China
A team of researchers has uncovered what they say is the first reported use of artificial intelligence to direct a hacking campaign in a largely automated fashion. The AI company Anthropic said this week that it disrupted a cyber operation …
European Central Bank’s Guindos Says Financial-Stability Risks Remain Elevated
European Central Bank Vice President Luis de Guindos said financial-stability risks are still high due to the unpredictable outlook for the global economy and trade. “Vulnerabilities remain elevated in view of uncertainty over geoeconomic trends and the ultimate impact of …
Consumer Watchdog Proposes End to Civil Rights-Era Anti-Discrimination Requirements
he U.S. federal consumer finance watchdog on Wednesday proposed narrowing key civil-rights-era anti-discrimination requirements for the financial industry, advancing Republican President Donald Trump’s effort to curtail long-standing policies he views as a burden on businesses, but that advocates say are …
Apple Must Pay Masimo $634M in Smartwatch Patent Case, Jury Says
A federal jury in California said on Friday that Apple owes medical-monitoring technology company Masimo $634 million for infringing a patent covering blood-oxygen reading technology. The jury agreed with Masimo that the Apple Watch’s workout mode and heart rate notification …
Appeals Court to Weigh Reviving Cases Over Tylenol and Autism
A U.S. appeals court is expected to hear arguments on Monday from families seeking to revive their lawsuits over Tylenol, after the Trump administration publicly promoted their claims that the popular painkiller is linked to autism in children. In urging …
Iran Forces Seize Oil Tanker After it Passes Hormuz Strait
Iranian forces seized an oil tanker sailing in the Gulf of Oman, diverting the vessel toward the country’s territorial waters on Friday after it passed the Strait of Hormuz, a US defense official said. The Marshall Islands-flagged tanker Talara was …
Act of Sabotage Damages Railway Line in East Poland, Tusk Says
Polish Prime Minister Donald Tusk said an explosion that caused damage to a railway route in the country’s east over the weekend was an act of sabotage. A passenger train made an emergency stop between Warsaw and the eastern city …